Quantitative Investment Management LLC lifted its stake in Cabot Oil & Gas Corporation (NYSE:COG) by 23.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 254,200 shares of the oil and gas exploration company’s stock after buying an additional 48,100 shares during the period. Quantitative Investment Management LLC owned approximately 0.05% of Cabot Oil & Gas Corporation worth $6,375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of COG. BlackRock Inc. grew its position in shares of Cabot Oil & Gas Corporation by 3,136.9% in the 1st quarter. BlackRock Inc. now owns 32,973,225 shares of the oil and gas exploration company’s stock valued at $788,389,000 after buying an additional 31,954,562 shares during the last quarter. Sanders Capital LLC grew its position in shares of Cabot Oil & Gas Corporation by 34.7% in the 1st quarter. Sanders Capital LLC now owns 25,830,424 shares of the oil and gas exploration company’s stock valued at $630,336,000 after buying an additional 6,657,156 shares during the last quarter. FMR LLC grew its position in shares of Cabot Oil & Gas Corporation by 32.7% in the 1st quarter. FMR LLC now owns 25,468,996 shares of the oil and gas exploration company’s stock valued at $608,964,000 after buying an additional 6,277,179 shares during the last quarter. Columbus Hill Capital Management L.P. grew its position in shares of Cabot Oil & Gas Corporation by 134.5% in the 1st quarter. Columbus Hill Capital Management L.P. now owns 3,755,626 shares of the oil and gas exploration company’s stock valued at $89,797,000 after buying an additional 2,154,232 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of Cabot Oil & Gas Corporation by 11.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock valued at $518,271,000 after buying an additional 2,095,126 shares during the last quarter. 96.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cabot Oil & Gas Corporation (NYSE:COG) opened at 26.58 on Friday. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $27.14. The firm’s market cap is $12.29 billion. The stock has a 50 day moving average of $25.35 and a 200 day moving average of $24.15.

Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $460.50 million for the quarter, compared to the consensus estimate of $454.76 million. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The firm’s revenue was up 86.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) EPS. Equities research analysts anticipate that Cabot Oil & Gas Corporation will post $0.60 earnings per share for the current fiscal year.

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In other news, insider Jeffrey W. Hutton sold 11,918 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the completion of the transaction, the insider now owns 635,124 shares in the company, valued at $17,014,971.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

COG has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Macquarie raised shares of Cabot Oil & Gas Corporation from a “neutral” rating to an “outperform” rating and set a $26.00 target price on the stock in a research report on Tuesday, June 6th. BidaskClub raised shares of Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. BMO Capital Markets reaffirmed a “buy” rating and issued a $33.00 target price on shares of Cabot Oil & Gas Corporation in a research report on Thursday, June 22nd. Finally, Bank of America Corporation raised shares of Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $28.00 to $32.00 in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $29.61.

About Cabot Oil & Gas Corporation

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

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Institutional Ownership by Quarter for Cabot Oil & Gas Corporation (NYSE:COG)

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